Callon Petroleum Company (CPE) was a big mover last session, as the company saw its shares rise by over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.75 to $9.61 in the past one-month time frame.
This independent oil & gas company has seen two positive estimates revisions & one negative estimates revision over the past 30 days while its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Callon Petroleum Company currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is negative.
Some stocks in the same sector looking equally good include Athlon Energy Inc. (ATHL), Clayton Williams Energy, Inc. (CWEI) and Encana Corporation (ECA). All these stocks carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
CALLON PETE CO DEL (CPE): Free Stock Analysis Report
ATHLON ENERGY INC (ATHL): Free Stock Analysis Report
CLAYTON WILLIAMS ENERGY INC (CWEI): Free Stock Analysis Report
ENCANA CORP (ECA): Free Stock Analysis Report
Zacks Investment Research